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Inventory Management (IM)

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**Inventory Management (IM)**

What is Inventory Management (IM)?

Inventory management (IM) is the process of ordering, storing, using, and selling a company's inventory. This includes the management of raw materials, components, and finished products, as well as warehousing and processing such items. Common uses involve tracking stock levels, optimizing inventory ordering, preventing stockouts, and managing warehouse operations to improve efficiency and reduce costs.

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